NOT LISTED FOR SALE
12 Beds
6 Baths
9,022 Sq Ft
9,462 Sq Ft Lot

Sale Details

Date Sold: September 1, 2016

Last sale price $1,900,000 $211 Per Sq Ft

129 Days on Market

About This Home

As of September 2016

Wakefield Property is a well-maintained two story, eight-unit complex located in a southeast neighborhood of Anaheim. Less than a mile away from the Santa Ana Freeway and positioned just outside the Platinum Triangle helps maintain a steady working class tenant profile for this property. Wakefield’s massive units, up to four bedrooms, and attached garage parking spaces make it highly attractive and welcoming to families. Tenants can enjoy the luxury of walking to local retail shops and restaurants, as well as being in close proximity to renown entertainment attractions including: Disneyland, Angel Stadium and Honda Center. An astute investor can secure a great income-producing property for years to come.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 03/07/2016

Last Buyer's Agent

Gary Tolfa

Triqor Group License #00955403 Listed on: 03/07/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,462 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 9,022 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 3535
  • Assessor Parcel Number 13733803

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,158
  • Professional Management Expense $6,066
  • New Taxes Expense $24,160
  • Gross Income $12,635
  • Net Operating Income $94,454

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

9,462 Sq Ft Lot

Parking

8

Listing Details

  • CapRate: 4.80
  • Professional Management Expense: 6066.00
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 13733803
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 210.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: 6-10 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 9462.00
  • Price Per Lot Square Foot: 200.80
  • Lot Size Acres: 0.2170

Multi Family

  • Gross Income: 12635.00
  • Gross Scheduled Income: 151620.00
  • Insurance Expense: 3158.00
  • Lot Size Area: 9462.0000 Square Feet
  • Net Operating Income: 94454.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 52618.00
  • Rent Control: No
  • Total Actual Rent: 12285.00

Tax Info

  • New Taxes Expense: 24160.00
  • Tax Lot: 10
  • Tax Tract Number: 3535

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,394,000
Interest Rate
0.0345%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2013
Sold by
Bought by

Purchase Details

Closed on
Jul 29, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$982,500
Interest Rate
0.0443%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2011
Sold by
Bought by

Purchase Details

Closed on
May 12, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.0587%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
0.0512%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
0.0512%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 1994
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 1994
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 1994
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,900,000 Ticor Title Company
-- None Available
$1,310,000 Old Republic Title Co La
-- None Available
$1,550,000 Fidelity National Title Co
$1,300,000 Lawyers Title Company
-- --
$321,000 Old Republic Title Company
$318,000 Old Republic Title Company
-- --
$5,000 Td Service Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,300,000
Previous Owner $1,394,000
Previous Owner $982,500
Previous Owner $900,000
Previous Owner $910,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/01/2016 09/01/16 Sold $1,900,000 -4.0% $211 / Sq Ft
06/09/2016 06/09/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $1,980,000 -- $219 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,251 $2,205,110 $1,392,703 $812,407
2024 $25,882 $2,161,873 $1,365,395 $796,478
2023 $25,334 $2,119,484 $1,338,623 $780,861
2022 $25,010 $2,077,926 $1,312,376 $765,550
2021 $25,052 $2,037,183 $1,286,643 $750,540
2020 $24,946 $2,016,295 $1,273,450 $742,845
2019 $24,210 $1,976,760 $1,248,480 $728,280
2018 $23,714 $1,938,000 $1,224,000 $714,000
2017 $22,788 $1,900,000 $1,200,000 $700,000
2016 $17,358 $1,383,681 $855,560 $528,121
2015 $17,203 $1,362,897 $842,708 $520,189
2014 $16,169 $1,336,200 $826,200 $510,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16022026

California Regional Multiple Listing Service (CRMLS)
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